Wouldn’t the world be better off if we all shared the same currency?
Having multiple currencies seems to create confusion. If currencies are like languages, then having fewer would presumably create more cooperation and unity among…
Unsurprisingly, this post completely ignores the point of a unit of account.
If Facebook makes a “stablecoin” backed by government fiat like USD, then they have no chance to become the “global reserve currency” because anything they do will still be denominated in dollars. Their coin will just be another payment rail like Visa.